{"id":243,"date":"2024-06-27T12:08:46","date_gmt":"2024-06-27T09:08:46","guid":{"rendered":"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/"},"modified":"2024-06-27T12:08:46","modified_gmt":"2024-06-27T09:08:46","slug":"light-wonder-appoints-michael-maretti-to-board","status":"publish","type":"post","link":"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/","title":{"rendered":"Light &#038; Wonder Appoints Michael Maretti to Board"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/O_NdtKqgkaA\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Light &#038; Wonder (L&#038;W) has declared the addition of Michael Maretti to its governing body.<\/p>\n<p>The company revealed on Monday that Maretti will join the board, commencing on January 15th. He will aim for re-election at the firm&#8217;s yearly shareholder gathering.<\/p>\n<p>Maretti has held positions at Electronic Arts and Buffalo Studios, and has served as a director of SciPlay since 2019. L&#038;W finalized the purchase of the remaining shares of SciPlay in October 2023, gaining a 17% ownership for over $420 million.<\/p>\n<p>Jamie Odell, Executive Chairman of L&#038;W, stated: &#8220;We are thrilled to welcome Michael to the Light &#038; Wonder board as a new independent director.<\/p>\n<p>&#8220;Michael brings a wealth of mobile gaming experience and a strong financial background, which will assist us in continuing to generate maximum value for our investors.&#8221;<\/p>\n<p>Maretti remarked: &#8220;I am enthusiastic to join the Light &#038; Wonder board at this juncture. Light &#038; Wonder is in a robust operational position, and I anticipate collaborating with my colleagues to utilize my experience and passion for the business to create value for the investors of this exceptional company.&#8221;<\/p>\n<p>Light &#038; Wonder: Third-quarter growth fueled by record SciPlay performance<br \/>\nL&#038;W&#8217;s record third-quarter outcomes were largely driven by SciPlay&#8217;s ongoing robust growth. <\/p>\n<p>Light &#038; Wonder&#8217;s third-quarter earnings soared by 128% to $731 million, propelled by exceptional performance from its SciPlay and online gambling divisions.<\/p>\n<p>SciPlay&#8217;s revenue climbed by 14.6% to a record $196 million, while online gambling revenue surged by 20.7% to a new peak of $70 million.<\/p>\n<p>Decreasing operational expenses and increased income led to a net profit of $75 million. Adjusted earnings before interest, taxes, depreciation, and amortization for the third quarter climbed by 21.7% to $286 million.<\/p>\n<p>Marchetti&#8217;s appointment is one of the recent changes at Light &#038; Wonder.<\/p>\n<p>Marchetti&#8217;s appointment follows Oliver Chow&#8217;s designation as L&#038;W&#8217;s temporary chief financial officer, a position he assumed in December.<\/p>\n<p>Chow assumed the role in August 2023 after Connie James departed to pursue other ventures.<\/p>\n<p>Chow&#8217;s official appointment also elevates him to an executive vice president at L&#038;W. He joined the company in October 2022 after a five-year tenure at Aristocrat.<\/p>\n<p>Chow held financial positions earlier in his career at companies including Universal Studios, Deluxe Entertainment Services, and JPMorgan Chase.<\/p>\n<p>Sign up for the online gambling newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Light &#038; Wonder (L&#038;W) has declared the addition of Michael Maretti to its governing body. The company revealed on Monday that Maretti will join the board, commencing on January 15th. He will aim for re-election at the firm&#8217;s yearly shareholder gathering. Maretti has held positions at Electronic Arts and Buffalo Studios, and has served as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Light &amp; Wonder Welcomes Michael Maretti to Board<\/title>\n<meta name=\"description\" content=\"Light &amp; Wonder announces Michael Maretti joins the board, bringing experience from Electronic Arts, Buffalo Studios, and SciPlay.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Light &amp; Wonder Appoints Michael Maretti to Board\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Light &amp; Wonder announces Michael Maretti joins the board, bringing experience from Electronic Arts, Buffalo Studios, and SciPlay.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Secrets of Casino Success | Licensed &amp; Trusted\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T09:08:46+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/\",\"url\":\"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/\",\"name\":\"Light & Wonder Welcomes Michael Maretti to Board\",\"isPartOf\":{\"@id\":\"https:\/\/vegas2web.icu\/#website\"},\"datePublished\":\"2024-06-27T09:08:46+00:00\",\"dateModified\":\"2024-06-27T09:08:46+00:00\",\"author\":{\"@id\":\"https:\/\/vegas2web.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Light & Wonder announces Michael Maretti joins the board, bringing experience from Electronic Arts, Buffalo Studios, and SciPlay.\",\"breadcrumb\":{\"@id\":\"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/vegas2web.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Light &#038; Wonder Appoints Michael Maretti to Board\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vegas2web.icu\/#website\",\"url\":\"https:\/\/vegas2web.icu\/\",\"name\":\"Discover the Secrets of Casino Success | Licensed &amp; Trusted\",\"description\":\"Explore the dynamic world of online gambling with our fresh casino news, honest game reviews, and informative insights. Our licensed platform is your gateway to thrilling entertainment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/vegas2web.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/vegas2web.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/vegas2web.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"contentUrl\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"caption\":\"admin\"},\"description\":\"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.\",\"sameAs\":[\"http:\/\/theworldcasino.vip\"],\"url\":\"https:\/\/vegas2web.icu\/author\/ezvhu8xt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Light & Wonder Welcomes Michael Maretti to Board","description":"Light & Wonder announces Michael Maretti joins the board, bringing experience from Electronic Arts, Buffalo Studios, and SciPlay.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/","og_locale":"en_GB","og_type":"article","og_title":"Light & Wonder Appoints Michael Maretti to Board","og_description":"Light & Wonder announces Michael Maretti joins the board, bringing experience from Electronic Arts, Buffalo Studios, and SciPlay.","og_url":"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/","og_site_name":"Discover the Secrets of Casino Success | Licensed &amp; Trusted","article_published_time":"2024-06-27T09:08:46+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/","url":"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/","name":"Light & Wonder Welcomes Michael Maretti to Board","isPartOf":{"@id":"https:\/\/vegas2web.icu\/#website"},"datePublished":"2024-06-27T09:08:46+00:00","dateModified":"2024-06-27T09:08:46+00:00","author":{"@id":"https:\/\/vegas2web.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0"},"description":"Light & Wonder announces Michael Maretti joins the board, bringing experience from Electronic Arts, Buffalo Studios, and SciPlay.","breadcrumb":{"@id":"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/vegas2web.icu\/2024\/06\/27\/light-wonder-appoints-michael-maretti-to-board\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/vegas2web.icu\/"},{"@type":"ListItem","position":2,"name":"Light &#038; Wonder Appoints Michael Maretti to Board"}]},{"@type":"WebSite","@id":"https:\/\/vegas2web.icu\/#website","url":"https:\/\/vegas2web.icu\/","name":"Discover the Secrets of Casino Success | Licensed &amp; Trusted","description":"Explore the dynamic world of online gambling with our fresh casino news, honest game reviews, and informative insights. Our licensed platform is your gateway to thrilling entertainment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/vegas2web.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/vegas2web.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/vegas2web.icu\/#\/schema\/person\/image\/","url":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","contentUrl":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","caption":"admin"},"description":"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.","sameAs":["http:\/\/theworldcasino.vip"],"url":"https:\/\/vegas2web.icu\/author\/ezvhu8xt\/"}]}},"_links":{"self":[{"href":"https:\/\/vegas2web.icu\/wp-json\/wp\/v2\/posts\/243"}],"collection":[{"href":"https:\/\/vegas2web.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vegas2web.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vegas2web.icu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vegas2web.icu\/wp-json\/wp\/v2\/comments?post=243"}],"version-history":[{"count":0,"href":"https:\/\/vegas2web.icu\/wp-json\/wp\/v2\/posts\/243\/revisions"}],"wp:attachment":[{"href":"https:\/\/vegas2web.icu\/wp-json\/wp\/v2\/media?parent=243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vegas2web.icu\/wp-json\/wp\/v2\/categories?post=243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vegas2web.icu\/wp-json\/wp\/v2\/tags?post=243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}